Week in Insights: AI Tax Scam Risk Calls for Adaptive Security

Curated by Melanie Cohen

Artificial intelligence is already fueling sophisticated email phishing attacks and automated fraudulent tax returns. And by this time next year, we could be confronting an entirely new landscape of AI-enabled fraud.

Deepfake technology is advancing rapidly and could be deployed to impersonate tax officials on a massive scale. Hyper-realistic voice or even video simulations could be used to create fraudulent communications that are indistinguishable from legitimate tax authority directives—or missives from accountants and money managers.

Imagine a loved one receiving a phone call or video message from what appears to be a trusted accounting ...